Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Loom Network (NEW) (LOOM) on LBank
Learn how to buy Loom Network (NEW) (LOOM) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy LOOM on LBank
How to Buy LOOM on LBank: Payment Methods Overview
Explore the available payment methods for buying LOOM on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy LOOM.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Loom Network (NEW) (LOOM) on LBank?
Check the preparations required before buying Loom Network (NEW) (LOOM) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy LOOM with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Loom Network (NEW) on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Loom Network (NEW). LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Loom Network (NEW) on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Loom Network (NEW).
LBank supports multiple payment methods
You can use the following payment methods to purchase Loom Network (NEW) on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Loom Network (NEW) you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
YY YYDS_Trader 915 min | 100% | 0.936 USD | 3211.18 USDT 400.000 - 3000.000USD | Bank Transfer | |
18 180-fast24x7 516 min | 100% | 1.000 USD | 10.00 USDT 10.000 - 10.000USD | Bank Transfer | |
SU SUPER FAST BUY-SELLR 651 min | 100% | 1.000 USD | 163.06 USDT 1.000 - 163.060USD | Bank Transfer |
What is Loom Network (NEW) (LOOM)?
Loom Network is a multichain interoperability platform designed as a Layer 2 scaling solution for the Ethereum blockchain. Launched in early 2018, it operates as a Platform-as-a-Service (PaaS) to help developers build and deploy high-performance decentralized applications, or dApps. The project primarily targets sectors that require high transaction throughput and low latency, such as gaming, social media, and enterprise-grade applications. The core of the network is Basechain, a mainnet that utilizes a Delegated Proof of Stake (DPoS) consensus mechanism. This architecture allows for significantly faster confirmation times compared to the Ethereum mainnet. One of the platform's standout features is its multichain compatibility, which enables dApps to interact with multiple major blockchains including Bitcoin, Ethereum, and BNB Chain. This allows developers to build an application once and offer it to users across various ecosystems simultaneously. From a user perspective, Loom Network aims to provide a frictionless experience similar to traditional web applications. It achieves this by allowing developers to cover transaction costs through a flat monthly hosting fee, effectively removing the need for end users to pay gas fees for every interaction. This makes the platform particularly attractive for consumer-facing dApps where technical friction often hinders adoption. The NEW designation for the LOOM token refers to a strategic token migration that updated the project's smart contract. This migration was implemented to support newer technological advancements, such as zkRollup-based architectures, and to improve the overall scalability and flexibility of the network. The native LOOM token serves several vital roles within this ecosystem: it is used by validators and delegators to secure the network through staking, and it acts as a utility token for developers to pay for dApp hosting and cross-chain gateway services. By securing the network and providing access to infrastructure, the token remains the central component of the Loom Network decentralized environment. Learn more
Is Loom Network (NEW) (LOOM) a good investment?
Whether Loom Network (NEW) (LOOM) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Loom Network (NEW) (LOOM) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying LOOM on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
LOOMDate
2026-06-06
You will earn $-- in profit, with an ROI of --
What can you do with Loom Network (NEW) (LOOM)?
Investment
Buy and hold Loom Network (NEW) (LOOM), expecting its value to increase over time.
Trade
Actively trade Loom Network (NEW) (LOOM) on LBank to profit from price fluctuations.
Pay
Use Loom Network (NEW) (LOOM) to pay for goods and services where accepted.
Why is LBank the best platform to buy Loom Network (NEW) (LOOM)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Loom Network (NEW) (LOOM).
Competitive fees
LBank provides competitive trading fees for Loom Network (NEW) (LOOM).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Loom Network (NEW) (LOOM).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Loom Network (NEW) (LOOM) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Loom Network (NEW) (LOOM) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying LOOM, what is the best way to store it?
After buying LOOM, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Loom Network (NEW) (LOOM) FAQ
The (NEW) designation distinguishes the current active token from the legacy contract following a major migration. This update was finalized to support advanced features like zkRollups (zkLoom) and enhanced scalability. The official Ethereum smart contract address for the new token is 0x42476f744292107e34519f9c357927074ea3f75d. Most major exchanges have already transitioned to this updated version to support the network's strategic pivot toward becoming a production-grade, multichain platform.
zkLoom is Loom Network’s advanced scaling solution that utilizes zero-knowledge rollups (zk-rollups). This technology batches transactions off-chain before submitting them to the Ethereum mainnet, which significantly reduces transaction costs and increases processing speeds. This technical evolution was a core part of the project's April 2025 strategic update, allowing the network to provide high-performance infrastructure for decentralized applications across multiple chains including Ethereum, Bitcoin, and BNB Chain.
Staking is conducted through the official Loom Basechain Dashboard. Users can delegate their tokens to one of the 21+ validators to secure the network. The minimum requirement to participate in staking is 1 LOOM token, as the system does not support fractional amounts. Rewards are distributed in LOOM and are funded by block rewards and network fees. Yields are influenced by the selected lock-up period, with longer commitments offering higher reward multipliers.
The LOOM token serves three essential functions. First, it is used for network security, as validators and delegators stake it to protect the Basechain. Second, it acts as a payment method for developers, who pay a flat fee in LOOM to host dApps and cover bandwidth. Third, it functions as a governance token, granting stakers the power to vote on network updates and emission rates. The total supply is fixed at 1.3 billion tokens.
Yes, one of the unique features of the Loom Network is that developers pay the hosting fees instead of the users. By paying a monthly subscription in LOOM tokens, developers allow their users to enjoy a gasless experience. This makes interacting with blockchain-based applications as seamless as using traditional web apps, as users do not need to hold LOOM or pay transaction fees themselves.
Loom Network (NEW) is available for trading on LBank and other leading global cryptocurrency exchanges. If you hold tokens from the old contract in a private wallet, you may need to perform a manual swap via the official Loom dashboard to migrate to the new version. For users holding tokens on LBank, the migration to the updated smart contract is typically handled automatically, ensuring a seamless transition to the current active ecosystem.
